BP Faces $3B Hit in 2Q24 Amid Refining Challenges & Low Demand
BP warns investors of significantly lower realized refining margins, which could slash its earnings by $500-$700 million for the quarter.
BP signs deal with mall owner Simon Property for over 900 EV chargers
A unit of BP signed a deal with mall owner Simon Property Group to install and operate more than 900 high-speed electric-vehicle chargers at 75 sites across the United States, the companies said on Wednesday.
BP Energy Outlook: both main scenarios see 2025 oil peak, rapid renewables growth
BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 it published on Wednesday.
BP's Q2 Estimates Downgraded, But This Analyst Anticipates 10% Dividend Hike And Continued Buybacks
RBC Capital Markets analyst Biraj Borkhataria updated estimates of BP p.l.c. BP following its second-quarter trading update release this morning.
BP Slides After Projecting Up To $2B in Q2 Impairment Charges
BP (BP) American depositary receipts (ADRs) fell in premarket trading Tuesday after the energy giant said that it expects lower refining margins and an impairment charge of up to $2 billion will impact its second-quarter results.
BP joins Exxon in saying weak refining margins will hit second-quarter profits
BP on Tuesday said it expects weak margins in its refining business will have hit its second quarter profits by up to $700 million after Exxon Mobil on Monday said a similar slump in refining margins could see it take a $1.5 billion hit.
BP shares drop 3% after warning of up to $2 billion impairment, weak refining margins
BP on Tuesday said it expects to post an impairment of up to $2 billion in the second quarter, also warning of lower refining margins.
BP expects lower upstream gas production in second quarter
BP plc reiterated previously announced second-quarter guidance in a trading update this Tuesday. Avoiding concrete numbers, the oil supermajor said upstream production in the second quarter is expected to be broadly flat sequentially and “slightly lower” in gas and low-carbon energy.
BP expects second-quarter earnings hit on lower refining margins
BP expects lower realised refining margins to hurt its second-quarter earnings by $500 million to $700 million, the oil firm said on Tuesday.
BP (BP) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, BP (BP) closed at $36.55, marking a -1.35% move from the previous day.
BP CEO Halts Offshore Wind Projects, Enacts Hiring Freeze
BP's new CEO Murray Auchincloss has implemented a hiring freeze and paused new offshore wind projects, shifting the company's focus to oil and gas to address investor concerns over its energy transition strategy.
Fuel prices slow in June, but "still too expensive"
Fuel prices dropped for the second consecutive month in June, but both diesel and petrol prices remain higher than the RAC believes they should be. Petrol prices dropped by 3p to 145p a litre last month, while diesel fell by close to 4p to under 150p, but the automotive service group claimed it was "still too expensive" when compared against wholesale prices.
